[n_time]

Free markets and network effects leads to the accumulation of wealth and power by the few. Piketty did the hard work of documenting this. Getting away from theory and into business strategy, network effects are an often discussed strategy in start-up culture to become a "unicorn". What is a unicorn? Usually the winner of a battle to seize a market leveraging "disruption" brought on by new technology.

A truly decentralized, unregulated network will therefore lead to more power being seized by fewer. That is, a decentralized financial network will tend to lead towards the centralization of the value represented within that network. Without the ability for democracy to step in and regulate that network.

Blockchain and cryptocurrencies are an inherently anti-government project, through placing all governments in a single authoritarian perspective and insisting that they must be decentralized; "crypto" is fundamentally anti-democratic. Throwing the baby out with the bath water.

[Dracophoenix]

The great thing about crypto is that anyone can make a coin. Crypto is not anti-democratic. It's not pro-democratic either. It's simply egalitarian in the classical sense of the word.